If the rule isn't here, you are in the clear.

Unlike other prop firms, there are 0 hidden rules. All parameters for the evaluation and the funded account are found on this page.

Please make sure to take the time to read every rule below. We are building a firm that focuses on your success, part of that is bringing on traders that understand exactly how we operate.

There are only 3 ways to breach and lose an account, please read below for more details:

1. Drawdown Rule [full details under "5% MAXIMUM TRAILING DRAWDOWN"]
2. Daily Loss Rule [full details under "6% DAILY STOP"]
3. Inactivity of 30 days (if you do not place a trade at least once every 30 days on your account, Eightcap/Hydra Funding will consider the account INACTIVE and the account will be breached.

On the "checkout" page after clicking "Select Plan" in our Evaluation section above, members will have the ability to choose to pay extra for "upgrades" in their evaluation, making their evaluation fine tuned to their own system. These upgrades will include the following and will see a price increase as addressed below:

1. Hold over the weekend - 10% price increase
2. Double Leverage (this will double all FX and metals leverage to up to 1:20, as well as double max open lots available) - 25% price increase
3. No Stop Loss Required - 10% price increase

Instead of increasing price, since Hydra Funding seeks to find the highest end of traders across all trading types, we seek to provide the opportunity for our algorithmic based traders, manual based traders, higher timeframe or longer term based traders, and our lower time frame and scalp based traders to pick the evaluation right for them.

Challenge: Once your payment is processed (usually 15-30 minutes), details will automatically be sent to your email from [email protected] along with the link to the trading dashboard and download of the trading software. If you do not receive your credentials after 1-2 hours, please use the Contact Us feature on our website and we'll make sure to get your account resent.

Live/Funded Account: Upon passing your Assessment, you will receive an email from [email protected] with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting Know Your Customer documents provided, your funded account will be created, funded and issued to you typically within 24-48 business hours.

If you do NOT receive an email, it is likely that the spam filters on your email stopped our email from coming through, so please check your spam folder - and if you still haven't received it, please reach out to us using the Contact Us and we will take care of you.

Credentials and links will be sent directly to your email along with downloads to the trading software immediately after payment is processed (usually 15-30 minutes). You can also access the Trader Dashboard using the Login tab above.

The Daily Stop Loss is the maximum your account can lose in any given day.

Daily Stop Loss is calculated using the previous day balance which resets at 5 PM EST. Unlike other prop firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale profits without fear of losing your account. The Daily Stop compounds with the increase in your account.

Example: if your prior day's end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss limit if your equity reached $96,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your new-day (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be $96,000.

The Maximum Trailing Drawdown is initially set at 5% and trails (using CLOSED BALANCE - NOT equity) your account until you have achieved a 5% return in your account. Once you have achieved a 5% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for more trading flexibility as you have proven yourself as a profitable trader and can now freely compound an account.
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Example:
If your starting balance is $100,000, you can drawdown to $95,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $105,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000.

So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.

Unless you paid for the upgrade (available on the checkout page when you select an Evaluation above - we require a stop loss to be placed when opening a trade. Failure to place a stop loss or placing a stop loss after opening a trade will automatically close the trade. This is NOT considered a violation and you will be able to continue to trade and can reopen a trade with the right stop in place.

You will be able to access and see your max lot size in the Trader Dashboard. It will be in line with the leverage on your account and your overall buying power. If you open more than the allowed lot size, all positions will be automatically closed. This is NOT considered a violation and you will be able to reopen trades or continue trading after. EightCap has its margin requirements which must be abided by on both assessment and funded accounts.

Please ensure you are familiar with how leverage and margin are calculated and applied prior to purchasing an assessment.

Note:
If you lock in a trade at breakeven and the stop loss is moved above/below the entry price (making it a risk-free trade), your lot size maximum frees up. This will allow for traders that want to "load it up" or "hedge" their positions to do so while still being offered an account at lower leverage.

Below are the maximum open lots across all pairs that a trader can have at any given time:
$25K - 25 lots with risk
$50K - 50 lots with risk
$100K - 100 lots with risk
$250K - 250 lots with risk
$500K - 500 lots with risk
$1 million - 1000 lots with risk

Purchasing the double leverage option will double your max lots.

NOTE: Your margin does NOT free up. There are certain pairs and positions where ONCE moved to break-even will allow you to put on more lots if margin requirements are satisfied, otherwise, you will NOT be able to add on more. Hedging does NOT affect the margin, as you're selling into a position that you already have running, so if your trade is at break-even, your freed up lot size can be used to hedge into opposite side positions.

Example:
You have a $100,000 account. The max lot size (found in Trader Dashboard too) is 100 lots for your account. You open 100 lots on a position and the position moves into profit. You move your stop loss to break even and you now have a trade that is "risk-free". Your max lot size is freed up so you can buy or sell 100 more lots now as long as margin has NOT been exceeded (remember: margin isnt affected if you are hedging a position, but is affected if you want to continue opening lots in the same direction). You now have 20 lots open, but only 10 lots are considered "Running Risk" (see paragraph below) since the other was made risk-free, this is allowed.

Running risk on a trade cannot exceed the max lots, however, if a trade is risk-free (the stop loss price protects your trade from the original entry price), that lot size no longer counts towards the Max Lot Size rule and is NOT considered Running Risk.

The Max Lot Size rule stays the same for the assessment account.

For our Funded Traders operating on their live accounts, we offer the following scaling rule:

We will increase your Max Lot Size on the account with each 5% increase on your account, allowing the highest end of traders to not only compound their accounts, but to also increase their scalability with higher leverage.

This is done manually on our backend. As you grow an account and compound your earnings, if you want to continue growing that account and do so with a higher max lot size, please reach out to us at [email protected] or using the Contact Us tab. Once you have reached out, we will check to see the percentage your account is up from its original starting balance, and increase the lot size respective to the account size.

Example:
You have a funded live $100,000 account with Hydra funding. You grow that account to $115,000. If you email us as a funded member and ask for increased lot size, we will increase your max lot size from 10 lots, to 11.5 lots - complimenting the 15% growth in your account.

This is done to incentivize our traders to build up accounts and build up large sums of capital that they can manage for us. As they build that account, they unlock higher and higher max lot sizes tradeable on that account allowing for them to scale the profits they make and the rate at which they make them.

When you are ready to request a withdrawal simply login to your Hydra Dashboard and click the Submit Withdrawal button.  Once the withdrawal request has been received we will then post your profit share into your DEEL account, which you can withdraw via any of the available methods they offer (wire transfer, Paypal, Payoneer, Coinbase, Revolut, ACH and other popular methods.) 

Note:
When a withdrawal is approved, Hydra Funding will also withdraw our share of the profits and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal.

Unless you paid for the upgrade (available on the checkout page when you select an Evaluation above - we require all trades to be closed by 3:45 pm EST on Friday. Any trades left open will be closed automatically from our end. This is NOT considered a violation and you will be able to continue trading your account at market re-open. Subject to change.

EA's, Scripts, Indicators, and personal copy trading is allowed. Regarding personal copy trading, this means that if you have an account outside of our program and wish to copy trades from that account to your account with us, this is allowed.

However, we do not all group copy or pass your challenge copying.  I.E. you cannot directly copy someone else's trades into your evaluation.

With backed funding from investors, we are given the ability to fund successful traders with live accounts and bask in your success. You are trading a live account when you are funded with our firm.

There are 3 ways to lose an account: Daily Stop Rule, the 6% Trailing Drawdown Rule, or after an inactivity period (not opening or closing a trade) of 30 days.

You are permitted to take 1 EVALUATION at a time.

With regard to the concept of 'limits' this is where we stand at present:
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$2 million max per person (can be made up of multiple assessments, provided none are same size at the same time).
$2 million max per strategy/EA (can be made up of multiple assessments, provided none are same size at the same time).

Note:
This applies to "off-shelf" EA's (EA's purchased from the market and used by many) We are seeking to fund independent and unique strategies, not 1 that is the exact same across the board.There is NO limit to how many accounts you may have (as long as it's within the $2 million limit). There is NO limit for compounding. Up to $2 million of initial funding, then grow the account to any balance you desire - yes, even $10 million, $20 million, and so on.

All markets offered here (all offered through Eightcap) will be tradeable with our proprietary firm. We offer Currencies, Indices (including DXY, VIX), Commodities, Cryptocurrencies (over 200+), and Individual Shares. Please make yourself aware of any broker side limitations regarding risk and depth of market as Hydra Funding has no control over these things.

Once you have received your account, please make sure to "Show All" pairs in the terminal. The tradeable forex pairs are the ".i" pairs. Example: EURUSD.i, AUDUSD.i,US30.iTradeable Indexes and Cryptos will be found as ".p" pairs. Example: BTCUSD.p, ETHUSD.p.

Leverage:
Forex, Metals, Oils, and Indices (1:10)
Cryptocurrencies (1:2)
CFD/Stocks (1:5)
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Double leverage upgrade available at checkout. Does not apply to crypto.

Specifications:
1 lot in Forex = 100,000 units
1 lot in Crypto = 1 coin
1 lot in Indices = 10 units
1 lot in Stocks = 100 shares (CFD)
1 lot in Commodities = 100 units

This can also be seen on Eightcap's website as well as right clicking the market you are trading and pressing Specification in the MT4/MT5 terminal.

Slippage:
Although Eightcap has extremely good depth of market on most of its offered pairs/markets, there are some exceptions - these are entirely handled by Eightcap, and Hydra funding has no control over depth of market or broker pricing or ANY broker related services.

Crypto's offered with Hydra funding via Eightcap are offered as a CFD and not as a DEX product - so you may experience higher slippage as you trade larger lot sizes - This is true regardless of the broker executing the trades, but please make sure you are aware of how slippage works and can impact your trading.

Yes. As long as you are trading within the permitted 1:10 leverage and lot size (seen in your dashboard upon purchase) you may hedge positions on both sides.

If you have moved your trade to Breakeven (stop loss locking in a profit on the overall position) your lots will be freed up and can be used to hedge as well.

Example:
You have a $100,000 account and are trading EUR/USD. EUR/USD is at a current price of 1.11000 (estimation, make sure to use the price of asset at the time of your calculation. You are able to take at max $100,000 * (leverage) =$1,000,000/1.11000 (E/U price) =$900,900 / $100,000 (size of a standard lot) = 9.009= 9.00 lots max.

This means if you enter a BUY on EUR/USD for 9 lots, you will only be able to hedge EUR/USD for 1 lot, as the Maximum Lot Size with Risk permitted is 10 lots. However, if after it begins to go up, you move your Stop Loss to above the entry price (putting you in profit), you will now be able to enter a SELL on EUR/USD for up to 10 lots. Keep in mind that hedging a position helps to reduce the required margin as MetaTrader is a netting platform, however hedging is independent of the Maximum Lot Size with Risk. Also, moving a stop-loss to breakeven will free up additional lots to be used against the Maximum Lot Size with Risk, however this will not free up additional margin to be traded. Margin and Lot Size with Risk are two independent criterion that must be met.

We work with an extremely reputable and well-established, regulated broker: Eightcap. All spreads on all tradeable instruments are provided by Eightcap under its raw account spreads starting as low as 0.0 pips on Majors.

For FX, commissions are $3.50 each way, that's $7 per lot round trip on a trade.

For Crypto, there are 0 commissions.

Currently, all accounts are opened with eightcap on the MT4/MT5 Platform. Trading platform download link will be made accessible to you and sent to you with credentials after your payment is processed (15-30 minutes) and will also be accessible once logged into the dashboard.

You can also download the software directly from the website here.

Although Eightcap may not be available in your specific country, you will be permitted to trade with the broker through Hydra funding.

We accept people from almost any country, with only certain exclusions: Iran, Iraq, and Ivory Coast.

In our terms and conditions you will see a better outline of these rules (view upon purchasing your evaluation).

Simply put, taking advantage of arbitrage pricing or latency is against the rules. Malicious practices like latency pricing used to benefit in a demo environment that can't be used in a live environment is against the rules.